ANALYTICS - SOME ETHICAL DIMENSIONS MANI, RAJAN
Material type: TextPublication details: HYDERABAD ICFAI DECEMBER 2015Description: 56-62Subject(s): In: MURTHY, E N BUSINESS STRATEGYItem type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Journal Article | Main Library | VOL. XII, NO.4/5555200JA4 (Browse shelf(Opens below)) | Available | 5555200JA4 | |||||
Journals and Periodicals | Main Library On Display | JOURNAL/STRA/Vol 12, No 4/5555200 (Browse shelf(Opens below)) | Vol 12, No 4 (01/01/2016) | Not for loan | DECEMBER 2015 | 5555200 |
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VOL. XII, NO.2/5551064JA5 THE IMPACT OF ELECTRONIC BANKING ON BANKING TRANSACTIONS: A COST-BENEFIT ANALYSIS | VOL. XII, NO.4/5555200JA2 ASSESSING CORPORATE PERFORMANCE WITH MEASURES OF VALUE ADDED AS KEY DRIVERS OF SHAREHOLDER WEALTH: AN EMPIRICAL STUDY | VOL. XII, NO.4/5555200JA3 INTER-FIRM DIFFERENCES IN THE SUSTAINABILITY BUSINESS MODEL: A STUDY ON SELECT FIRMS FROM AGRI-FOOD AND IT COMPANIES | VOL. XII, NO.4/5555200JA4 ANALYTICS - SOME ETHICAL DIMENSIONS | VOL. XIV, NO. 4/5553546CSD1 IKEA'S ETHICAL PROCUREMENT PRACTICES | VOL. XIV, NO. 4/5553546CSD2 SQUARE, INC. - BRINGING DISRUPTIVE INNOVATIONS TO FINANCIAL PAYMENTS | VOL. XIV, NO. 4/5553546CSD3 ENTERPRISE RISK MANAGEMENT AT DEUTSCHE POST DHL |
THE INCREASING USE OF DATA AND ANALYTICS IN TODAY'S WORLD OF BUSINESS IS NOT AN UNMIXED BLESSING. WHILE, IN THE FACE OF EVER-INCREASING COMPETITION, THERE IS PRESSURE ON THE EXECUTIVE TO FIND OUT MORE ABOUT THE ORGANIZATION'S CUSTOMER, THE KEY QUESTION HERE IS, 'HOW MUCH IS ENOUGH?' WHERE DOES THE EXECUTIVE DRAW THE LINE IN HIS QUEST TO KNOW HIS CUSTOMER BETTER? HOW MUCH OF PRIVATE AND CONFIDENTIAL INFORMATION NEEDS TO BE COLLECTED IS A MOOT POINT, APART FROM EVEN MORE BASIC ISSUES SUCH AS THE PROCESS OF COLLECTION OF HIS DATA AND THE USES TO WHICH IT IS PUT. A GREATER THREAT IS THE PROCESS BY WHICH THE DATA 'TRAVELS' - HAS THE ORGANIZATION TAKEN ENOUGH SAFEGUARDS TO PREVENT UNAUTHORIZED USE? FROM THESE ISSUES, ANOTHER GRAVE DANGER WHICH COMES OUT IS THAT OF MANIPULATION OF THE CUSTOMER. THE EXECUTIVE HAVING INSIGHTS INTO THE CUSTOMER'S BEHAVIOR OFFERS CERTAIN CUES, E.G., A BANDLING OF OFFERINGS WHICH THE CUSTOMER HAS BOUGHT IN CONJUNCTION EARLIER. IS THIS MANIPULATION THE CUSTOMER'S BEHAVIOR AND IS IT CORRECT? WHERE AND HOW DOES THE ORGANIZATION: (A) DRAW THE LINE BETWEEN LEGITIMATE ACTION AND IMPINGEMENT ON CONFIDENTIALITY AND PRIVACY; (B) MAINTAIN THE SECURITY OF THE DATA ITSELF; AND (C) USE AND MANIPULATE THE FINDINGS FROM THE DATA THAT BECOME CRITICAL ISSUES WITH ETHICAL DIMENSIONS? THE PAPER GIVES AN OVERVIEW OF ETHICS FIRST, INCLUDING A COUPLE OF GENERIC THEORETICAL FRAMEWORK USEFUL FOR BUSINESS DECISION MAKING. IT THEN PROCEEDS TO GIVE A SIMILAR OVERVEIW OF BUSINESS STRATEGY BEFORE GETTING INTO THE NITTY-GRITTY OF THE ETHICAL ISSUES INVOLVED IN THE USE OF ANALYTICS.
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